Kuvera made zero-cost mutual fund investing popular in India. But in 2025, apps like Groww, ETMoney, Zerodha Coin, Paytm Money, and INDmoney also offer direct plans without distributor commissions. Here’s a comparison of the best alternatives.
India Snapshot
- Direct Mutual Funds: SEBI-regulated, zero-commission.
- SIP Minimums: ₹100–₹500 depending on AMC.
- Payments: UPI AutoPay, NetBanking, debit cards.
- GST Invoice: Yes, for annual fee services.
- Best For: Retail investors, first-time mutual fund buyers, DIY investors.
Start investing in direct mutual funds with these top apps:
Check Groww
Try INDmoney
Top Kuvera Alternatives in 2025
| Platform | Cost | Features | Best For |
|---|---|---|---|
| Groww | Free MFs | Stocks, IPOs, ETFs, simple UI | Beginners, stock + MF users |
| ETMoney | Free MFs | Insurance, loans, credit score | All-in-one finance users |
| Zerodha Coin | Free (₹50 AMC) | Mutual funds inside Demat | Existing stock investors |
| Paytm Money | Free MFs | Stocks, NPS, gold investing | Low-cost DIY investors |
| INDmoney | Free MFs | US stocks, credit tracking, tax | Cross-border investors |
Why Consider Alternatives?
- Kuvera strengths: Goal-based investing, family account linking.
- Limitations: No stock trading, limited insurance.
- Alternatives bring extras:
- Groww → seamless for MF + stocks.
- ETMoney → integrates insurance & credit score.
- Zerodha Coin → for traders already on Kite.
- Paytm Money → lowest entry barriers with NPS + gold.
- INDmoney → unique US stock access.
Pros and Cons of Alternatives
Pros
Zero-commission direct MFs.
UPI AutoPay available.
SIPs start as low as ₹100.
Added features beyond MFs.
Cons
Some charge account maintenance (Zerodha Coin).
Interfaces differ—steeper learning curve on trading apps.
Too many features may distract beginners.
Smart Strategy for 2025
- If you only want direct mutual funds, stick with Kuvera or Groww.
- If you want stock + MF combo, choose Groww or Zerodha Coin.
- For insurance + finance tracking, ETMoney is better.
- For global diversification, try INDmoney.
- Always set up UPI AutoPay SIPs for convenience.
Explore zero-cost MF investing today:
Invest with Groww
Try INDmoney
In 2025, Kuvera isn’t the only free direct mutual fund option. Apps like Groww, ETMoney, Zerodha Coin, Paytm Money, and INDmoney offer the same benefits, often with extra features. For beginners, Groww is easiest. For advanced users, INDmoney brings global investing. The bottom line—direct plans save you commissions, and these alternatives make it even simpler.
